Chief Financial Officer
7 days ago
Chicago
Job DescriptionDescription: The Chief Financial Officer serves as a key member of the executive leadership team and strategic partner to the CEO. The CFO provides financial leadership, ensures organizational sustainability, and drives data-informed decision making. This role oversees financial management, planning, compliance, and reporting, while aligning financial strategy with the mission and growth of One Family Illinois. This role leads financial strategy, planning, and performance while ensuring strong internal controls, regulatory compliance, and data-informed decision making. The CFO oversees financial operations and provides executive oversight of Information Technology functions to ensure alignment across systems, people, and financial performance. The CFO partners closely with the Board of Directors and Finance Committee to support fiduciary oversight and advance the organization’s mission to strengthen families and communities. Major duties include, but are not limited to the following: Essential Duties and Responsibilities: Strategic Financial Leadership • Serve as a strategic advisor to the CEO and executive team on financial planning, growth, and sustainability, • Lead long-term financial strategy, including multi-year forecasting and scenario planning, • Align financial planning with organizational priorities, program impact, and strategic goals, • Oversee all financial operations, including accounting, budgeting, payroll, and financial reporting, • Ensure strong internal controls and compliance with GAAP, federal and state regulations, and nonprofit standards, • Monitor cash flow, reserves, and financial performance to ensure organizational stability, • Lead the development and implementation of the annual budget and multi-year financial plans, • Partner with program and department leaders to align budgets with operational and strategic priorities, • Monitor financial performance and recommend adjustments to ensure fiscal health, • Ensure financial compliance with all government contracts, grants, and funding requirements, • Oversee financial reporting, billing, and revenue tracking for all funding sources, • Support funding strategy through financial analysis and cost recovery optimization, • Lead financial reporting and presentations to the Board of Directors and Finance Committee, • Provide clear, concise financial insights to support governance and decision making, • Maintain relationships with banking institutions, auditors, insurers, and external partners, • Ensure effective financial systems, processes, and controls are in place, • Oversee risk management strategies, including insurance, compliance, and financial safeguards, • Support agency-wide understanding of financial performance and accountability, • Partner with the Chief Strategy Officer to align financial planning with strategic priorities, performance metrics, and organizational growth, including Human Resources., • Collaborate with the Chief Program Officer to ensure program budgets, cost structures, and financial performance align with service delivery goals, • Partner with the Chief Advancement Officer to support fundraising strategy, revenue forecasting, and donor reporting, • Ensure effective financial systems, processes, and internal controls are in place, • Oversee risk management strategies, including insurance, compliance, and financial safeguards, • Support agency-wide understanding of financial performance and accountability, • Oversee preparation of agency payroll and reporting. Perform analysis and projections on agency compensation costs and ensure proper cost recording., • Serve as an Agency internal expert and provide guidance to agency staff on IRS regulations concerning not-for-profit organizations., • Ensure receipt of agency tax returns completed by external auditors; ensure compliance with and filing and reporting of federal – state taxes for payroll and sales taxes. Supervisory Responsibilities • Provide direct supervision and leadership to all finance staff, including Accounts Payable, Accounts Receivable, and the Business Manager, • Build and lead a high-performing finance team focused on accuracy, accountability, and continuous improvement, • Support staff development in financial management, budgeting, and reporting practices, • Bachelor's degree in accounting, Finance, or related field required, • CPA strongly preferred; Master’s degree preferred, • Minimum of 7–10 years of progressive financial leadership experience, • Experience in nonprofit, human services, or government-funded environments strongly preferred, • Strong knowledge of nonprofit accounting, GAAP, and regulatory compliance, • Experience with budgeting, forecasting, and financial strategy development, • Ability to pass DCFS required criminal background check including CANTS/SACWIS and SORS., • Ability to provide required DCFS Medical Report/TB test., • Strategic thinking with strong analytical and problem-solving skills, • Ability to translate complex financial data into clear insights, • Strong leadership and team development capabilities, • Excellent communication and interpersonal skills, • High level of integrity, professionalism, and accountability ONE FAMILY ILLINOIS is an equal opportunity employer. Employment, assignment, and promotion practices are carried out in accordance with all applicable laws, rules, regulations and orders without regard to race, religion, color, national origin, physical handicap, social handicap, sex, age, or ancestry.